Kestrel Investment Management Corp, an institutional investor recently bought ODP Co. (NASDAQ:ODP) decreased its position by 8.0%. The firm sold 11,600 shares of its 132,800 shares during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. This move demonstrates Kestrel Investment Management’s strategic investment approach to adjust and diversify its portfolio holdings to maintain optimal returns.

ODP Corporation is a leading provider of business services and supplies as well as digital workplace technology solutions through various divisions such as ODP Business Solutions, Office Depot, Veyer and Varis. These divisions cater to companies of various sizes – from small to medium-sized businesses to enterprise-level corporations including the public and education sectors.

Despite the recent sell-off in shares of Kestrel Investment Management, ODP Company stock remained strong with a current share price of $44.16 seen during trading hours on Friday – an increase of $0.15 from the previous trading session. Comparatively, the company recorded an average daily volume of 361,098 shares with a market capitalization of $1.77 billion.

The analysis shows that ODP Co. Its recent performance recorded a twelve-month high of $53.59 indicating promising growth prospects; However, it also indicates a low point at $28.85 which depicts potential risks for investors due to market volatility challenges.

Finally, Kestrel Investment Management Corporation’s reduction of positions with ODP Company, continuous monitoring and adjustment of its portfolio holdings may be necessary strategies for optimal portfolio performance and overall risk reduction especially amid the unprecedented market uncertainties associated with the pandemic. Which continues today./Wasn’t sure it made sense so went for a softer outro

Institutional and Hedge Fund Investors Shift Holdings in ODP Corporate as Corporate Insiders Sell Stocks

ODP Corporation is attracting institutional and hedge fund investors, who have recently made significant changes to their holdings of the specialty retailer’s stock. Point72 Asset Management LP, for example, acquired a new position worth $42,000 while Quantbot Technologies LP spent $101,000 on the same acquisition. PNC Financial Services Group Inc. grew its position in the company’s stock by 9.7% during 2021Q1 and now owns 3,052 shares of the stock valued at $139,000 after acquiring an additional 270 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings by an astounding 50,000% during 2021Q3 and now owns 5,010 shares of the specialty retailer’s stock valued at $176,000 after buying an additional 5,000 shares during the period. Captrust Financial Advisors grew its position by 12.1% during Q2-2021 and now owns 6,060 shares of the company’s stock valued at $183,000 after recently acquiring an additional 656 shares.

Corporate insiders are also selling their ODP holdings, with two recent transactions disclosed via SEC filings: EVP Kevin Moffitt sold more than $1.19M worth of business stock on Mar 3 while EVP Zoe Maloney sold more than $507k worth of stock on Mar 17.

ODP Corp. is a holding company that caters to businesses by providing services such as supplies and digital workplace technology solutions under its four business divisions: ODP Business Solutions, Office Depot, Vair and Veris.

The specialty retailer recently released its quarterly earnings report on March 1.

On a closing note, StockNews.com is downgrading ODP’s rating to “Buy” from its previous and fruitful “Strong-Buy.” Analysts expect the company to post earnings of $4.8 per share for the current fiscal year.

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